Pay Period Calculation for Flexible Spending Account (FSA) is Incorrect, Which Impacts Pay Period Rate for Mid-Year Events (Doc ID 1920982.1)

Last updated on MARCH 28, 2017

Applies to:

Oracle Advanced Benefits - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

The application is calculating the FSA pay period deductions incorrectly. For a new hire assigned to the Biweekly payroll, the New Hire event triggered on 17-MAR-2014 and processed.

Participant made enrollments in FSA Plan type/FSA Plan and provided a coverage amount of $300. Participant saved elections. New Hire event for FSA plan type is First of next month, hence the coverage and rate started 01-APR-2014.
Coverage amount: $300
However, the application is defining number of remaining pay periods as 20. Hence the bi weekly rate is coming up as (300/20) = $15.

Steps to Reproduce:
The issue can be reproduced at will with the following steps:

1. New Hire life event is triggered on 17-MAR-2014 and processed.
2. Participant made enrollments in FSA Plan type/FSA Plan and provided a coverage amount of $300.
3. Participant saved elections. New Hire event for FSA plan type is First of next month, hence the coverage and rate started 01-APR-2014.
4. The application defines the number of remaining pay periods as 20. Hence the biweekly rate is calculated as (300/20) = $15, which is incorrect.

Cause

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